Question: P535 Relationship between future value and present value: Mixed stream The table below shows a mixed cash flow stream except that the cash flow for

P5–35 Relationship between future value and present value: Mixed stream The table below shows a mixed cash flow stream except that the cash flow for year 3 is missing.

Year 1 $10,000 Year 2 Year 3 Year 4 5,000 20,000 Year

Suppose that somehow you know that the present value of the entire stream is $32,911.03 and that the discount rate is 4%. What is the amount of the missing cash flow in year 3?

Year 1 $10,000 Year 2 Year 3 Year 4 5,000 20,000 Year 5 3,000

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